4 Sites With Financial Advice Targeted to Hispanics
NEW YORK (TheStreet) -- The U.S. Hispanic population is growing, and significantly so. According to the Pew Foundation, the Hispanic population has grown to almost 52 million in 2011 from 35 million in 2000.
Of that 52 million, Pew says approximately 33 million are foreign born, or about 6% of the total U.S. population.
To newcomers of any nationality -- and America, after all is a nation of immigrants -- finding their way culturally and professionally is difficult enough. Add money to the mix and assimilating only grows more difficult.
Think about it: Newcomers to the U.S. deal with a new currency, a new language, a new banking and investing system with its own sets of rules and regulations and a new tax system that, no doubt, changes the way immigrants look at money management.For the growing Hispanic population, a quick and effective path to great personal finance skills is all about education, which is what's offered by the Washington, D.C.-based Alliance for Investor Education, a consortium of U.S. finance-related groups that includes foundations, nonprofit organizations, associations and governmental agencies. More specifically, the AEI is out with a list of the best available money management resources for U.S.-based Hispanics. The list is culled primarily from the AEI's list of member financial services organizations. here in Spanish): The Ballpark E$timate en espanol/Ballpark E$timate in Spanish -- American Savings Education Council/Employee Benefit Research Institute -- The AEI describes the site as "an easy-to-use, two-page worksheet that helps you quickly identify approximately how much you need to save to fund a comfortable retirement." Estafas y chantajes: Una Guia educative para prevenir frauds financierios/Scams and Swindles: an Educational Guide To Avoiding Investment Fraud -- This website, from the National Futures Association, warns Hispanics new to the United States about some of the more onerous financial and investment scams out there -- and how to sidestep them. Declaracion de los deroches de los inversionistas/Statement of Investor Rights -- The CFA provides Hispanics a helpful guide on how to deal with a professional financial services provider and details the code of conduct those providers must adhere to when dealing with financial consumers. Sitio web de Hispanic America Saves/Hispanic America Saves Website -- The Hispanic America Saves site, sponsored by the Investment Company Institute and FINRA Education Foundation, advises Hispanic financial consumers on how to open a bank account, craft a good household budget and start saving and investing for the long haul.
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